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20121126
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NBC
Nov 26, 2012 7:00am PST
taxes could rise and sharp spending cuts would go into effect as well possibly triggering a recession. chuck todd is nbc's political director and chief white house correspondent. chuck, good morning to you. >> good morning, savannah. >> the goal here is to get a deal that reduces the deficit, and the battle lines have been pretty clear right now. the president campaigned rolling back the tax breaks for the highest earnings and republicans argued spending cuts are the way to get the deficit under control. are we starting to see a softening of those positions on both sides? >> reporter: here's what there's agreement on. both sides, both parties agree that the wealthiest have to pay more, and the question now and the sticking point at this stage is how do you go about making the wealthiest pay more? do you do it by raising the tax rates? that's what president obama wants to do. wants to raise the tax freights 35% where they are now up to where they were during the clinton years at 39% what. republicans are arguing is you don't have to do that. you can get all of the money or so
NBC
Nov 26, 2012 4:00am PST
and his no tax hike pledge. >>> plus, rebellion continues in egypt. a meth lab on wheels? cheerleaders for a cause. and the biggest power ball jackpot ever. >> this is "early today" for monday, november 26th, 2012. >> good morning, everyone. i'm lynn berry. say what you will about the state of the economy, but americans didn't hold back on what turned out to be a record-breaking holiday weekend for retailers. and it's not over yet. cyber monday is officially in full swing and experts predict today will be the biggest online shopping day of the year to the tune of $1.5 billion. nbc's kristen dahlgren has more. >> reporter: from the moment doors opened thursday, before the thanksgiving dishes were even done, almost a quarter billion shoppers will have been online or in stores. >> i just prepare, put my speakers on and go for it. >> reporter: shopping started earlier than ever, and in spite of the employee protests, the early opening paid off. according to the national retail federation, more than 35 million shopped on thanksgiving, six million more than last year. black fri
CSPAN
Nov 26, 2012 10:00am EST
tax money. it is not suspicious. the textbook folks are getting a little closer to the classroom there. a little more suspicious. that part of the sector is dominated by for-profit players, whether the old line textbook providers are those transitioning into the new digital age and thinking more a online adapted products. it is much lower heat from the conversation. the closer you get to the classroom, how about school operators that contract with the local school district? a for-profit company running one are two schools or a network of schools and having a goal at the end of the year to have money left over to reinvest in the business to make a better and to return over some time to return to shareholders. even at harvard business school, a very small percentage of this was ok. it seemed the paradigm was what kind of activities to be the same the public sector has a legitimate right to provide. therefore it seems an encroachment from the private sector trying to somehow capture rents that are somehow more appropriately flowed through the public sector. even on this panel we hav
NBC
Nov 26, 2012 6:00am PST
friday. we're going to sift through the rest of the year. some selling for tax purpose bus i think we'll sit quiet as we wait to see what happens on the fiscal cliff. >>> happening now, protesters are filling the streets of cairo and camping out in tahrir square today as political unrest grows and we are giving you a live look at the scene right now in cairo. the protests are in response to president muhammed morsi's massive expansion of his powers. among his new powers, immunity from the nation's courts. morsi said the new powers are needed to hurry up the transition process from decades of rule by former dictator hawes kn -- hosni mubarak. >>> 6:57. we've been talking about the fog all morning long. we want to check the forecast with meteorologist christina loren. >> now we're getting to the worst point when it comes to that fog formation between 7:00 and 9:00. after 9:00 it should start to burn off and we are expecting quite a beautiful finish to the day. this is a live look at the sunol grade and you can see that fog has settled in but we've got a beautiful clear sky above. it'
NBC
Nov 26, 2012 4:30am PST
month, automatic tax increases and spending cuts will kick in for all americans. danielle leigh is here with signs of a compromise. >> reporter: back from their turktu turkey dinners, lawmakers say they are refreshed and ready to compromise. republicans have been unwilling to raise taxes and democrats have been refusing to cut social security and medicare. now all that has changed. >> i'm willing to generate revenue. it's fair to ask my party to put revenue on the table. >> reporter: republican senator lindsey graham says he'll violate a plan not to raise taxes and democrats are open to reforming entitlement programs they have been pro teching. >> bring entitlement reform into the conversation. >> reporter: but it comes with contingencies. many republicans still want to raise revenue by capping tax deductions or closing loopholes, not by increasing taxes on the wealthy. democrats are still trying to keep some entitlement programs out of negotiations. >> social security set aside, doesn't add to the deficit. when it comes to medicare and medicaid, protect the integrity of the progra
NBC
Nov 26, 2012 5:00am PST
avoid the so-called fiscal cliff. if a budget deal is not reached by the end of december, automatic tax increases and spending cuts will kick in. nbc bay area's danielle leigh is live on capitol hill this morning and joins us with the very latest. good morning, danielle. >> reporter: good morning. lawmakers will be resuming those negotiations today, still facing many of the same sticking points that have held up talks so far. the two big ones being on one hand tax increases, which republicans have resisted, and on the other, cuts to programs like social security and medicare, which democrats have resisted. but the good news is that after this thanksgiving weekend, we are seeing and hearing signs of a compromise. >> i am willing to generate revenue. it's fair to ask my party to put revenue on the table. >> from my side of the table, bring entitlement reform into the conversations. >> reporter: now, both lawmakers on either side, republicans, democrats, they are confident that they will get a deal before the deal is out. some say even before christmas. if a deal is not reached, we are loo
Search Results 0 to 5 of about 6